US EditionNigeria Central Bank Announces First Rate Cut Since Covid
The Central Bank of Nigeria reduced its benchmark rate by 50 basis points due to five months of falling inflation and positive economic growth, boosting credit access and investment.
- On September 23, 2025, following its 302nd meeting in Abuja, Nigeria’s Monetary Policy Committee decided to lower the Monetary Policy Rate from 27.5% to 27%.
- The rate cut followed five months of declining inflation and reflected improving macroeconomic indicators and stable foreign exchange conditions.
- The MPC retained the Liquidity Ratio at 30%, adjusted the Cash Reserve Ratio to 45% for Deposit Money Banks and 16% for Merchant Banks, and set the asymmetric corridor at ±250 basis points around the MPR.
- Data showed Nigeria's GDP grew by 4.2% year-on-year in Q2 2025, up from 3.1% in Q1, while foreign reserves rose sharply to US$43.05 billion by mid-September.
- The rate cut signals a cautious policy shift to support growth amid ongoing inflation challenges and poverty, as President Tinubu's reforms seek to attract investment.
20 Articles
20 Articles
CBN cuts interest rates by 50 basis points to 27 per cent
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has reduced interest rates by 50 basis points from 27.5 per cent to 27 per cent The Central Bank Governor, Olayemi Cardoso, made the disclosure while briefing the media on the outcome of the 302nd MPC meeting in Abuja, on Tuesday. Cardoso also announced that cash reserve requirement for commercial banks is adjusted to 45 per cent while that of merchant banks is retained at …
CBN slashes Interest Rate to 27% amid signs of economic recovery
In a strategic move to support economic recovery, the Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) by 50 basis points—from 27.5% to 27%—following the conclusion The post CBN slashes Interest Rate to 27% amid signs of economic recovery appeared first on National Accord Newspaper.
Naira appreciates to N1,487.36/$ after CBN cuts interest rate | News360 Info - Breaking News, Nigerian News and Multimedia, World News.
The naira on Tuesday appreciated to N1,487.36 per dollar in the official foreign exchange (FX) market, following the Central Bank of Nigeria’s (CBN) cautious decision to reduce its benchmark interest rate, the Monetary Policy Rate (MPR), as part of efforts to stimulate economic growth. At the close of trading yesterday, the naira recorded a marginal […]
CBN Cuts Interest Rate to 27% - InsideBusiness - Business News in Nigeria
For the first time in five years, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) lowered the Monetary Policy Rate (MPR) by fifty basis points to 27 per cent from 27.5 per cent. The decision, taken unanimously at its 302nd meeting held on September 22 and 23, reflects the committee’s confidence in easing inflationary pressures and the naira’s improved stability. According to the CBN, the rate cut is aimed at balancing pr…
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